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Target pulls back as quarterly results beat and full-year guidance rises

TGT is pulling back despite better-than-expected quarterly results and increased full-year sales and earnings guidance, with “broad-based” top-line strength cited in a Hammerstone MarketTalk note.

TGT

TGT Target is pulling back this morning despite much better-than-expected quarterly results and an increase to the full-year sales and earnings guidance.

Saw "broad-based" strength across the top line.

The stock had run into the print, so this may just be profit-taking.

New CEO Michael Fiddelke is doing a great job cleaning up the place, investing in the stores and better merchandise. - per Cramer Investing Club Newsletter